European Union VAT Guides: Italian VAT
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COURSE OBJECTIVES: These half-day, in-depth programmes cover the key VAT information for each and every EU country. The courses are designed to be both informative and practical and are designed for those working in the finance function who deal with cross-border EU transactions.


COURSE CONTENT


The following course structure will apply to all half-day sessions covering any of the 25 member states.


The Charge to VAT

  • Taxable persons and economic activity

  • Place of supply of goods and services and deemed supplies

  • Acquisitions and deemed acquisitions

  • Import VAT

  • Distance sales and trading via the internet




Rates of VAT

  • Standard, reduced and ‘parking’ rates

  • Exempt supplies and partial exemption requirements

  • Exemptions with credit (zero rates)




VAT Registration

  • Turnover limits for in-country supplies, acquisitions and distance selling

  • Time limits and penalties for late registrations

  • Simplification measures and special exemptions for non-resident entrepreneurs

  • Fiscal representatives

  • VAT groups – a possibility or a requirement?




Compliance

  • VAT return filing procedures and time limits

  • VAT invoicing requirements and procedures

  • Reverse charges, intrastats and European Sales Lists

  • Input tax

    - Right to deduct

    - Non-recoverable VAT

    - Partially recoverable VAT




Mutual Recovery

  • Recovering VAT in other member states under the EC Eighth Directive




TRAINER:


Gwen Ryder has been a VAT and customs duty specialist and lecturer for her entire career. She worked in H M Customs (now HM Revenue and Customs) for 9 years before joining the “Big 5”. She subsequently became the VAT and Customs Partner in a top 20 firm, and then formed her own consultancy practice in 2003. Gwen is an Associate of, and former examiner for, the Institute of Indirect Tax, and a member of the Customs Practitioners Group and The VAT Practitioners Group. Gwen is the original author of the Cross Border Goods, and International Services, sections of the CCH publication, ''VAT Planning'' and the customs duties section of the CCH publication, The Indirect Tax Guide.


Gwen advises a wide range of clients on all matters of VAT and Customs duty as it applies in the UK and internationally. She also lectures extensively on these subjects, and is currently acting Head of VAT in a top 10 firm of accountants.


Fees (ex VAT)